Second vote on new Chelmsford fire station defeated


A local resident casts her vote. SUN/David H. Brow image.

As written today by Rita Savard of the Lowell Sun:

CHELMSFORD — In the town’s only contested race, voters said a controversial building project led the charge for a shake-up on the Planning Board.

Attorney Richard McClure, who is suing the town over an alleged preservation restriction violation at 9 North Road, topped the three-way race for two open seats, pushing out Chairwoman Ann McGuigan.

McClure earned 2,392 votes, followed by Michael Raisbeck with 2,180 votes. McGuigan trailed with 1,883 votes.

“I believe the election results were clearly a referendum on the 9 North Road project, given the ouster of the chair of the Planning Board,” McClure said in an email last night. “I am very thankful for the voters and I hope to do my best in representing their interests.”

The results took some by surprise last night, including members of the Planning Board, who have been sued by McClure.

“I will still go about doing the business of Chelmsford as always,” board member George Zaharoolis said. “The Planning Board has a responsibility to uphold the bylaws. That’s what I’ll continue to do, and I hope the new members do the same.”

The 9 North Road parcel, next to the Center Fire Station, ignited the feuds that led to several ongoing legal battles.

Michael Eliopoulos, father of former longtime Selectman Philip Eliopoulos, purchased the privately owned land from Eastern Bank for $400,000 in 2009. McClure has sued the town over an alleged violation of a 1978 preservation restriction, which he said was created to retain the two-acre parcel as open space.

McClure also alleges that the land sold for such a low price because it has always been marked as “unbuildable.”

Former Selectmen John Carson, Paul Hart and Joe Shanahan, who helped author the preservation restriction more than 30 years ago, spoke before town officials last year to confirm the intent of the bylaw was to keep the land as open space.

But other town officials argue that the bylaw was not written specifically to prevent building on the parcel. An attempt to halt construction last year was rejected by a state Land Court judge.

Accusations that the land was acquired through backroom deals have spurred several lawsuits. McClure is also the attorney representing Chelmsford businessman Roland Van Liew in his suits against various town officials.

McGuigan was unable to be reached for comment.

Raisbeck, who was a Planning Board alternate, said he might have done well with voters because he positioned himself “somewhat in between the other two.”

“I was a fan of Ann’s,” he said. “I don’t really know Dick McClure that well, but I’m looking forward to getting to know him and having a productive term on the board.”

The amount of blank ballots for the race, 2,726, topped all candidates’ votes.

Looking at the results last night, Town Meeting representative Brian Latina said it is clear that “this election was about 9 North Road.”

“People were sending a message,” he said. “It’s as simple as that.”

Read more: http://www.lowellsun.com/rss/ci_17782655?source=rss#ixzz1Il9eggfP

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Financial Entitlement in the US


Robert Lenzner, Forbes —

Don’t blame David Sokol’s  craving to make a fortune  and become a philanthropist on Warren Buffett’s understandable confidence  that  his leading heir-apparent would do nothing to embarass him and Berkshire Hathaway.

It was  David Sokol’s personal responsibility to tell Buffett on January 25th latest  that he  owned 96,000 shares of Lubrizol worth $10 million that, excuse me , he had  purchased  the first week of January, 2011, ahem, just 18 days before the Jan. 25th  decision to go ahead and  negotiate for Lubrizol.

Then, Buffett would have realized he had to reveal this stock activity in the merger materials, which was going to be an embarassment– even if he had ordered  Sokol to sell the shares before ANY negotiations.

This  is not an issue of corporate governance, that mushy concept that obfuscates what you should be born with– an ingrained sense of what is right and what is wrong.  Unfortunately, our celebrity culture has placed a priority on public excess, the insatiable need to be richer than the next guy,  keep up with the private equity billionaires, the hip-hop entrepreneurs with diamonds in their ear lobes, the Donald Trumps of the world.

Read today about the Fannie Mae and Freddie Mac execs who were paid multiple  millions personally and presided over public  losses of billions. It’s  time to pull “The Rich And The Super Rich, A Study of  Money & Power And Who Really Owns America” out of the bookcase and  remind  myself of  the prevailing culture.

The Oscar-winning  documentary “Inside Job,” is deep-down a narrative of the insidious culture of financial entitlement, an invisible virus  at work  in the culture.  Cut the school budget, layoff policemen, cannibalize  training programs for the unemployed, don’t make GE pay any taxes etc. is  the dark side of the  culture of  financial entitlement.

Here  are some of the many examples of the virus at work in our recent history. The leading investment banker who  is also chairman of the investment bank’s regulator who buys shares of the investment bank at a  depressed price during the financial crisis  with full insight as to public  policy support for the  institution, and never has his wrist slapped.  Supported by his former  partner, who once held a high cabinet post, who assured me there  w as nothing wrong in taking advantage of inside knowledge to make an extra buck or two.

The  leading executive of a  public-private housing finance institution who brags to me that she got out just in time without being stained by the  crisis, her extraordinary small fortune  intact.

The phenomenon of a leading  bank, JP Morgan Chase allowing  $100 billion to be transferred back and forth between  the crook of the century, Bernie Madoff and another major client of the bank.  Or my alma mater, Goldman Sachs letting a  hedge fund  maven client pick out the lousy mortgages to go short  in a public offering.  Or Credit Suisse having to pay a fine of $535 million to  the government for violating the  sanctions against  doing business with knave nations  like Iran and the Sudan.

Just have a look at hedge fund biggie Raj Rajaratnam, blithley protesting  his innocence  of criminality  in the  biggest inside information trial ever, despite 19 guilty pleas  by others caught in his dishonest web.  Absurd.

The disappearing American middle class


BREAKING NEWS — “Too few American families are living in economically secure households, with most workers unable to stretch their incomes over basic expenses and savings,” said Joan Kuriansky, Wider Opportunities for Women’s Executive Director.  “The American Dream of working hard to support your family is being re-written by the growth of low-paying industries and rising expenses.”

According to the BEST report released by the Wider Opportunities for Women (WOW) organization, “…jobs created in the coming years will not provide economic security wages to the majority of workers who do not have 4-year college degrees.  Fewer than 13% of jobs the US Department of Labor expects to be created by 2018 are likely to provide economic security to a single parent raising two or more children.  A small majority of new jobs are expected to pay economic security wages for single workers without children, and approximately 43% of the new jobs will pay economic security wages for two workers raising two young children.”

As Congress debates how to make ends meet, the following cuts are on the chopping block:

  • Cuts to virtually all funding for Department of Labor job training programs this year, from the Workforce Investment Act to on-the job training for older workers.
  • Cuts to the Community Services Block Grant, which provides access to employment, nutrition and other vital services that help low-income people find jobs and move into the middle class.
  • Cuts to Medicaid, which covers health care for low-income families across the generations and is the major source of funding for long-term care. If turned into a block grant, as has been suggested by some, such cuts could result in loss of health care jobs as well as services for patients of all ages.

At the same time, Brian Williams from NBC Nightly News stated that the pay raises of some top CEOs received last year were nearly identical to the pay raises they received BEFORE the recession.  Ouch.